The auditors report now requires a description of key audit matters, which are:

a) matters that, in the auditors professional judgment, are of most significance in their audit of the financial report

b) the five matters that are agreed between the auditor and the audit committee as being of most significance in their audit of the financial report.

c) the significant differences between what is disclosed in a financial report prepared in accordance with the financial reporting framework and what is necessary to provide a true and fair view d) matters which have been brought to the attention of the auditor by the audit inspection process, but are not reflected in the financial report